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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Or were you recently promoted to a financial role in your organization? Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Are you eager to launch a startup or new business?

Finance 105
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How to Know If You’re Financially Ready to Start a Business

Success

Market analysis: What are the current trends in your industry? Marketing and sales strategy: How will you get in front of your target audience and promote your offering? After all, without cash flow and a solid financial plan that includes costs and expenses, you won’t be able to get your business off the ground.

Expenses 342
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The Side Hustler’s Handbook

Success

Diane Mulcahy, author of The Gig Economy: The Complete Guide to Getting Better Work, Taking More Time Off, and Financing the Life You Want , advises writing down your worst-case scenarios and then, if they are even slightly reasonable fears, creating a plan to avoid them. Because not everyone wants to hire an expensive landscaper.

Equipment 276
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Two in five people are working extra hours as cost-of-living crisis bites

Workplace Insight

Faced with declining real incomes and mounting expenses, almost half (46 percent) of respondents have taken on additional hours at work, one in five (19 percent) now has a second job for extra income, and one in three (34 percent) has been actively job hunting for a higher salaried role.

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So do assistants think the role has diversified?

Practically Perfect PA

Event Management, Project Management, Human Resources and Finance have become a big part of my job. I find that now I am involved in finance, creating presentations, gathering information, assisting with Human Resources. Indeed, this is not your mother’s admin role anymore.” ” “Wow has my role diversified!

Finance 100